Storage tanks are important to many industries -- bolted, epoxy coated, glass lined, stainless steel, welded tank and pressure vessels. Our talented animators illustrate the features and benefits of UIG's design, fabrication and installation. See more industrial animations at www.sch

published:19 Jan 2012

views:295031

published:13 May 2015

views:23528

Normally storage tanks are containers that hold liquids, compressed gases (gas tank) or mediums used for the short- or long-term storage of heat or cold.
This video shows API 650 tanks construction, are commonly used for oil, gasoline, chemical and produced water storage.
This video shows how to install first step to last part of a sustainable storage tanks construction of crude oil and gasoline.
If you want to understand and see full tank construction, as well as get video of inside the crude oil tank please subscribe and stay with us. If you need video urgently or have any question just leave a comment in the comment section.
-~-~~-~~~-~~-~-
Please watch: "Village People Catching DangerousStrangeSnake || Poisonous snake catching video"
https://www.youtube.com/watch?v=L05XyhHk1NI
-~-~~-~~~-~~-~-

published:29 May 2017

views:7659

Storage tanks are containers that hold liquids, compressed gases (gas tank) or mediums used for the short- or long-term storage of heat or cold.
API 650 tanks are commonly used for oil, gasoline, chemical and produced water storage.
This video shows how to install first step of safe and sustainable storage tanks of crude oil.
If you want to understand and see full tank construction, as well as get video of inside the crude oil tank please subscribe and stay with us. If you need video urgently or have any question just leave a comment in the comment section.
-~-~~-~~~-~~-~-
Please watch: "Village People Catching DangerousStrangeSnake || Poisonous snake catching video"
https://www.youtube.com/watch?v=L05XyhHk1NI
-~-~~-~~~-~~-~-

Fujairah Oil Terminals (FOT) is a world class 1.177 million cubic meter onshore oil storage facility based in the rapidly developing port of Fujairah, which is located in the United Arab Emirates outside the Straits of Hormuz on the Indian Ocean.
FOT is an independent third party storage and owned by a group of shareholders including the government of Fujairah.
FOT will store crude oil, fuel oil, gasoil and gasoline. The storage facility will meet international standards, complying with the equator principles for financing and will attract independent major and national oil companies to lease and utilize the facilities on a long-term sustainable basis.

There is an industry need for a flexible, competitive and environmentally friendly storage technology, unaffected by harsh environments, winds, waves and seasonal icebergs. The Subsea Oil StorageSystem consists of a structure that employs the concept of a flexible membrane protected by a dome for storage on the sea floor, and thereby eliminates problems with emulsion layer and bacteria growth. It can be placed at any water depth and is adjustable in size depending on operator needs during the development and expansion of the field. The seawater outside the dome surrounds the flexible membrane through free-flow seawater openings in the dome, such that the hydrostatic pressure acts directly on the stored fluid.
Combining the storage technology with our offloading system results in a complete and intelligent subsea storage system that allows for monitoring and level control, as well as real-time surveillance of system performance.

What is OIL-STORAGE TRADE? What does OIL-STORAGE TRADE mean? OIL-STORAGE TRADE meaning - OIL-STORAGE TRADE definition - OIL-STORAGE TRADE explanation.
Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license.
The oil-storage trade, also referred to as contango, a market strategy in which large, often vertically-integrated oil companies purchase oil for immediate delivery and storage—when the price of oil is low— and hold it in storage until the price of oil increases. Investors bet on the future of oil prices through a financial instrument, oil futures in which they agree on a contract basis, to buy or sell oil at a set date in the future. Crude oil is stored in salt mines, tanks and oil tankers.
Investors can choose to take profits or losses prior to the oil-delivery date arrives. Or they can leave the contract in place and physical oil is "delivered on the set date" to an "officially designated delivery point", in the United States, that is usually Cushing, Oklahoma. When delivery dates approach, they close out existing contracts and sell new ones for future delivery of the same oil. The oil never moves out of storage. If the forward market is in "contango"—the forward price is higher than the current spot price—the strategy is very successful. While new tanks have been added in Cushing for a storage capacity of 6.6 million barrels, by March 2015 all the tanks were fully leased through 2015.
The strategy works because oil prices for delivery in the future are trading at a premium to those in the spot market - a market structure known in the industry as contango - with investors expecting prices to eventually recover from the near 60 percent slide in oil in the last seven months.
—?Reuters 2015
In 2015, global capacity for oil storage was out-paced by global oil production and an oil glut occurred. Crude oil storage space became a tradable commodity with CMEGroup— which owns NYMEX— offering oil-storage futures contracts in March 2015. Traders and producers can buy and sell the right to store certain types of oil.
The concept started to be used by the oil traders in the market in early 1990. But it was in 2007 through 2009 the oil storage trade expanded. Many participants—including Wall Street giants, such as Morgan Stanley, Goldman Sachs, and Citicorp—turning sizeable profits simply by sitting on tanks of oil. By May, 2007 Cushing's inventory fell by nearly 35% as the oil-storage trade heated up.
"The trend follows a spike in oil futures prices that has created incentives for traders to buy crude oil and oil products at current rates, sell them on futures markets and store them until delivery."
—?Financial Post 2009
By the end of October 2009 one in twelve of the largest oil tankers were being used more for temporary storage of oil, rather than transportation.
From June 2014 to January 2015, as the price of oil dropped 60 percent and the supply of oil remained high, the world's largest traders in crude oil purchased at least 25 million barrels to store in supertankers to make a profit in the future when prices rise. Trafigura, Vitol, Gunvor, Koch, Shell and other major energy companies began to book oil storage supertankers for up to 12 months. By 13 January 2015 At least 11 Very Large Crude Carriers (VLCC) and UltraLarge Crude Carriers (ULCC)" have been reported as booked with storage options, rising from around five vessels at the end of last week. Each VLCC can hold 2 million barrels."

Oil terminal

An oil depot (sometimes called a tank farm, installation or oil terminal) is an industrial facility for the storage of oil and/or petrochemical products and from which these products are usually transported to end users or further storage facilities. An oil depot typically has tankage, either above ground or underground, and gantries (framework) for the discharge of products into road tankers or other vehicles (such as barges) or pipelines.

Oil depots are usually situated close to oil refineries or in locations where marine tankers containing products can discharge their cargo. Some depots are attached to pipelines from which they draw their supplies and depots can also be fed by rail, by barge and by road tanker (sometimes known as "bridging").

Most oil depots have road tankers operating from their grounds and these vehicles transport products to petrol stations or other users.

An oil depot is a comparatively unsophisticated facility in that (in most cases) there is no processing or other transformation on site. The products which reach the depot (from a refinery) are in their final form suitable for delivery to customers. In some cases additives may be injected into products in tanks, but there is usually no manufacturing plant on site. Modern depots comprise the same types of tankage, pipelines and gantries as those in the past and although there is a greater degree of automation on site, there have been few significant changes in depot operational activities over time.

Animation - How Storage Tanks are Designed, Made, Installed

Storage tanks are important to many industries -- bolted, epoxy coated, glass lined, stainless steel, welded tank and pressure vessels. Our talented animators illustrate the features and benefits of UIG's design, fabrication and installation. See more industrial animations at www.sch

4:50

Crude Oil Tank Cleaning Technology

Crude Oil Tank Cleaning Technology

Crude Oil Tank Cleaning Technology

4:46

Oil storage tank construction detail

Oil storage tank construction detail

Oil storage tank construction detail

Normally storage tanks are containers that hold liquids, compressed gases (gas tank) or mediums used for the short- or long-term storage of heat or cold.
This video shows API 650 tanks construction, are commonly used for oil, gasoline, chemical and produced water storage.
This video shows how to install first step to last part of a sustainable storage tanks construction of crude oil and gasoline.
If you want to understand and see full tank construction, as well as get video of inside the crude oil tank please subscribe and stay with us. If you need video urgently or have any question just leave a comment in the comment section.
-~-~~-~~~-~~-~-
Please watch: "Village People Catching DangerousStrangeSnake || Poisonous snake catching video"
https://www.youtube.com/watch?v=L05XyhHk1NI
-~-~~-~~~-~~-~-

1:37

Oil storage tank construction video

Oil storage tank construction video

Oil storage tank construction video

Storage tanks are containers that hold liquids, compressed gases (gas tank) or mediums used for the short- or long-term storage of heat or cold.
API 650 tanks are commonly used for oil, gasoline, chemical and produced water storage.
This video shows how to install first step of safe and sustainable storage tanks of crude oil.
If you want to understand and see full tank construction, as well as get video of inside the crude oil tank please subscribe and stay with us. If you need video urgently or have any question just leave a comment in the comment section.
-~-~~-~~~-~~-~-
Please watch: "Village People Catching DangerousStrangeSnake || Poisonous snake catching video"
https://www.youtube.com/watch?v=L05XyhHk1NI
-~-~~-~~~-~~-~-

Fujairah Oil Terminal

Fujairah Oil Terminals (FOT) is a world class 1.177 million cubic meter onshore oil storage facility based in the rapidly developing port of Fujairah, which is located in the United Arab Emirates outside the Straits of Hormuz on the Indian Ocean.
FOT is an independent third party storage and owned by a group of shareholders including the government of Fujairah.
FOT will store crude oil, fuel oil, gasoil and gasoline. The storage facility will meet international standards, complying with the equator principles for financing and will attract independent major and national oil companies to lease and utilize the facilities on a long-term sustainable basis.

Subsea Oil Storage System

There is an industry need for a flexible, competitive and environmentally friendly storage technology, unaffected by harsh environments, winds, waves and seasonal icebergs. The Subsea Oil StorageSystem consists of a structure that employs the concept of a flexible membrane protected by a dome for storage on the sea floor, and thereby eliminates problems with emulsion layer and bacteria growth. It can be placed at any water depth and is adjustable in size depending on operator needs during the development and expansion of the field. The seawater outside the dome surrounds the flexible membrane through free-flow seawater openings in the dome, such that the hydrostatic pressure acts directly on the stored fluid.
Combining the storage technology with our offloading system results in a complete and intelligent subsea storage system that allows for monitoring and level control, as well as real-time surveillance of system performance.

BULK OIL STORAGE

What is OIL-STORAGE TRADE? What does OIL-STORAGE TRADE mean? OIL-STORAGE TRADE meaning

What is OIL-STORAGE TRADE? What does OIL-STORAGE TRADE mean? OIL-STORAGE TRADE meaning

What is OIL-STORAGE TRADE? What does OIL-STORAGE TRADE mean? OIL-STORAGE TRADE meaning

What is OIL-STORAGE TRADE? What does OIL-STORAGE TRADE mean? OIL-STORAGE TRADE meaning - OIL-STORAGE TRADE definition - OIL-STORAGE TRADE explanation.
Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license.
The oil-storage trade, also referred to as contango, a market strategy in which large, often vertically-integrated oil companies purchase oil for immediate delivery and storage—when the price of oil is low— and hold it in storage until the price of oil increases. Investors bet on the future of oil prices through a financial instrument, oil futures in which they agree on a contract basis, to buy or sell oil at a set date in the future. Crude oil is stored in salt mines, tanks and oil tankers.
Investors can choose to take profits or losses prior to the oil-delivery date arrives. Or they can leave the contract in place and physical oil is "delivered on the set date" to an "officially designated delivery point", in the United States, that is usually Cushing, Oklahoma. When delivery dates approach, they close out existing contracts and sell new ones for future delivery of the same oil. The oil never moves out of storage. If the forward market is in "contango"—the forward price is higher than the current spot price—the strategy is very successful. While new tanks have been added in Cushing for a storage capacity of 6.6 million barrels, by March 2015 all the tanks were fully leased through 2015.
The strategy works because oil prices for delivery in the future are trading at a premium to those in the spot market - a market structure known in the industry as contango - with investors expecting prices to eventually recover from the near 60 percent slide in oil in the last seven months.
—?Reuters 2015
In 2015, global capacity for oil storage was out-paced by global oil production and an oil glut occurred. Crude oil storage space became a tradable commodity with CMEGroup— which owns NYMEX— offering oil-storage futures contracts in March 2015. Traders and producers can buy and sell the right to store certain types of oil.
The concept started to be used by the oil traders in the market in early 1990. But it was in 2007 through 2009 the oil storage trade expanded. Many participants—including Wall Street giants, such as Morgan Stanley, Goldman Sachs, and Citicorp—turning sizeable profits simply by sitting on tanks of oil. By May, 2007 Cushing's inventory fell by nearly 35% as the oil-storage trade heated up.
"The trend follows a spike in oil futures prices that has created incentives for traders to buy crude oil and oil products at current rates, sell them on futures markets and store them until delivery."
—?Financial Post 2009
By the end of October 2009 one in twelve of the largest oil tankers were being used more for temporary storage of oil, rather than transportation.
From June 2014 to January 2015, as the price of oil dropped 60 percent and the supply of oil remained high, the world's largest traders in crude oil purchased at least 25 million barrels to store in supertankers to make a profit in the future when prices rise. Trafigura, Vitol, Gunvor, Koch, Shell and other major energy companies began to book oil storage supertankers for up to 12 months. By 13 January 2015 At least 11 Very Large Crude Carriers (VLCC) and UltraLarge Crude Carriers (ULCC)" have been reported as booked with storage options, rising from around five vessels at the end of last week. Each VLCC can hold 2 million barrels."

Titan Environmental Fuelstore. Bunded Oil Storage Tank

The Titan Fuelstore range offers a simple solution to all fuel, oil, lubricant, Biodiesel, spill containment and Adblue applications. Roger Bisby talks us through a Fuelstore installation and explains the benefits of the bunded oil storage tank from Titan Environmental.

Animation - How Storage Tanks are Designed, Made, Installed

Storage tanks are important to many industries -- bolted, epoxy coated, glass lined, stainless steel, welded tank and pressure vessels. Our talented animators illustrate the features and benefits of UIG's design, fabrication and installation. See more industrial animations at www.sch

published: 19 Jan 2012

Crude Oil Tank Cleaning Technology

published: 13 May 2015

Oil storage tank construction detail

Normally storage tanks are containers that hold liquids, compressed gases (gas tank) or mediums used for the short- or long-term storage of heat or cold.
This video shows API 650 tanks construction, are commonly used for oil, gasoline, chemical and produced water storage.
This video shows how to install first step to last part of a sustainable storage tanks construction of crude oil and gasoline.
If you want to understand and see full tank construction, as well as get video of inside the crude oil tank please subscribe and stay with us. If you need video urgently or have any question just leave a comment in the comment section.
-~-~~-~~~-~~-~-
Please watch: "Village People Catching DangerousStrangeSnake || Poisonous snake catching video"
https://www.youtube.com/watch?v=L05XyhHk1NI...

published: 29 May 2017

Oil storage tank construction video

Storage tanks are containers that hold liquids, compressed gases (gas tank) or mediums used for the short- or long-term storage of heat or cold.
API 650 tanks are commonly used for oil, gasoline, chemical and produced water storage.
This video shows how to install first step of safe and sustainable storage tanks of crude oil.
If you want to understand and see full tank construction, as well as get video of inside the crude oil tank please subscribe and stay with us. If you need video urgently or have any question just leave a comment in the comment section.
-~-~~-~~~-~~-~-
Please watch: "Village People Catching DangerousStrangeSnake || Poisonous snake catching video"
https://www.youtube.com/watch?v=L05XyhHk1NI
-~-~~-~~~-~~-~-

Fujairah Oil Terminal

Fujairah Oil Terminals (FOT) is a world class 1.177 million cubic meter onshore oil storage facility based in the rapidly developing port of Fujairah, which is located in the United Arab Emirates outside the Straits of Hormuz on the Indian Ocean.
FOT is an independent third party storage and owned by a group of shareholders including the government of Fujairah.
FOT will store crude oil, fuel oil, gasoil and gasoline. The storage facility will meet international standards, complying with the equator principles for financing and will attract independent major and national oil companies to lease and utilize the facilities on a long-term sustainable basis.

published: 28 Feb 2015

ESSENTIAL OIL STORAGE

Does anyone else have a hard time finding the essential oil bottle they need?! Let's try out this nail polish display that I got for Christmas to see if it will do the trick! Happy organizing!
FACEBOOK // facebook.com/domerhome
PINTEREST // pinterest.com/domerhome
BLOG // toddlindsey.com
INSTAGRAM // @domerhome
NAIL POLISH DISPLAY | https://www.amazon.com/dp/B00KTKEB9W/_encoding=UTF8?coliid=I2EHUCUR1MPP6K&colid=1LCYXNYOLSUB5&psc=1
Music // Puppy Love (Sting) by Twin Musicom and RockAngel by JoakimKarud // via YouTube AudioLibrary and Ukelele by Bensound // via No CopyrightMusic
https://creativecommons.org/licenses/by/4.0http://www.twinmusicom.org/
https://www.youtube.com/watch?v=KNXr_5UoG-U&list=PLwek67xEUKRVhLeIK3FfTUMrkOx5x4jHc&index=1
https://soundcloud.com/joakimkarud
Ukule...

published: 12 Jan 2018

Subsea Oil Storage System

There is an industry need for a flexible, competitive and environmentally friendly storage technology, unaffected by harsh environments, winds, waves and seasonal icebergs. The Subsea Oil StorageSystem consists of a structure that employs the concept of a flexible membrane protected by a dome for storage on the sea floor, and thereby eliminates problems with emulsion layer and bacteria growth. It can be placed at any water depth and is adjustable in size depending on operator needs during the development and expansion of the field. The seawater outside the dome surrounds the flexible membrane through free-flow seawater openings in the dome, such that the hydrostatic pressure acts directly on the stored fluid.
Combining the storage technology with our offloading system results in a comple...

BULK OIL STORAGE

published: 05 Jul 2017

What is OIL-STORAGE TRADE? What does OIL-STORAGE TRADE mean? OIL-STORAGE TRADE meaning

What is OIL-STORAGE TRADE? What does OIL-STORAGE TRADE mean? OIL-STORAGE TRADE meaning - OIL-STORAGE TRADE definition - OIL-STORAGE TRADE explanation.
Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license.
The oil-storage trade, also referred to as contango, a market strategy in which large, often vertically-integrated oil companies purchase oil for immediate delivery and storage—when the price of oil is low— and hold it in storage until the price of oil increases. Investors bet on the future of oil prices through a financial instrument, oil futures in which they agree on a contract basis, to buy or sell oil at a set date in the future. Crude oil is stored in salt mines, tanks and oil tankers.
Investors can choose to take profits or losses ...

Titan Environmental Fuelstore. Bunded Oil Storage Tank

The Titan Fuelstore range offers a simple solution to all fuel, oil, lubricant, Biodiesel, spill containment and Adblue applications. Roger Bisby talks us through a Fuelstore installation and explains the benefits of the bunded oil storage tank from Titan Environmental.

Storage tanks are important to many industries -- bolted, epoxy coated, glass lined, stainless steel, welded tank and pressure vessels. Our talented animators illustrate the features and benefits of UIG's design, fabrication and installation. See more industrial animations at www.sch

Storage tanks are important to many industries -- bolted, epoxy coated, glass lined, stainless steel, welded tank and pressure vessels. Our talented animators illustrate the features and benefits of UIG's design, fabrication and installation. See more industrial animations at www.sch

Oil storage tank construction detail

Normally storage tanks are containers that hold liquids, compressed gases (gas tank) or mediums used for the short- or long-term storage of heat or cold.
This ...

Normally storage tanks are containers that hold liquids, compressed gases (gas tank) or mediums used for the short- or long-term storage of heat or cold.
This video shows API 650 tanks construction, are commonly used for oil, gasoline, chemical and produced water storage.
This video shows how to install first step to last part of a sustainable storage tanks construction of crude oil and gasoline.
If you want to understand and see full tank construction, as well as get video of inside the crude oil tank please subscribe and stay with us. If you need video urgently or have any question just leave a comment in the comment section.
-~-~~-~~~-~~-~-
Please watch: "Village People Catching DangerousStrangeSnake || Poisonous snake catching video"
https://www.youtube.com/watch?v=L05XyhHk1NI
-~-~~-~~~-~~-~-

Normally storage tanks are containers that hold liquids, compressed gases (gas tank) or mediums used for the short- or long-term storage of heat or cold.
This video shows API 650 tanks construction, are commonly used for oil, gasoline, chemical and produced water storage.
This video shows how to install first step to last part of a sustainable storage tanks construction of crude oil and gasoline.
If you want to understand and see full tank construction, as well as get video of inside the crude oil tank please subscribe and stay with us. If you need video urgently or have any question just leave a comment in the comment section.
-~-~~-~~~-~~-~-
Please watch: "Village People Catching DangerousStrangeSnake || Poisonous snake catching video"
https://www.youtube.com/watch?v=L05XyhHk1NI
-~-~~-~~~-~~-~-

Oil storage tank construction video

Storage tanks are containers that hold liquids, compressed gases (gas tank) or mediums used for the short- or long-term storage of heat or cold.
API 650 tanks ...

Storage tanks are containers that hold liquids, compressed gases (gas tank) or mediums used for the short- or long-term storage of heat or cold.
API 650 tanks are commonly used for oil, gasoline, chemical and produced water storage.
This video shows how to install first step of safe and sustainable storage tanks of crude oil.
If you want to understand and see full tank construction, as well as get video of inside the crude oil tank please subscribe and stay with us. If you need video urgently or have any question just leave a comment in the comment section.
-~-~~-~~~-~~-~-
Please watch: "Village People Catching DangerousStrangeSnake || Poisonous snake catching video"
https://www.youtube.com/watch?v=L05XyhHk1NI
-~-~~-~~~-~~-~-

Storage tanks are containers that hold liquids, compressed gases (gas tank) or mediums used for the short- or long-term storage of heat or cold.
API 650 tanks are commonly used for oil, gasoline, chemical and produced water storage.
This video shows how to install first step of safe and sustainable storage tanks of crude oil.
If you want to understand and see full tank construction, as well as get video of inside the crude oil tank please subscribe and stay with us. If you need video urgently or have any question just leave a comment in the comment section.
-~-~~-~~~-~~-~-
Please watch: "Village People Catching DangerousStrangeSnake || Poisonous snake catching video"
https://www.youtube.com/watch?v=L05XyhHk1NI
-~-~~-~~~-~~-~-

Fujairah Oil Terminal

Fujairah Oil Terminals (FOT) is a world class 1.177 million cubic meter onshore oil storage facility based in the rapidly developing port of Fujairah, which is ...

Fujairah Oil Terminals (FOT) is a world class 1.177 million cubic meter onshore oil storage facility based in the rapidly developing port of Fujairah, which is located in the United Arab Emirates outside the Straits of Hormuz on the Indian Ocean.
FOT is an independent third party storage and owned by a group of shareholders including the government of Fujairah.
FOT will store crude oil, fuel oil, gasoil and gasoline. The storage facility will meet international standards, complying with the equator principles for financing and will attract independent major and national oil companies to lease and utilize the facilities on a long-term sustainable basis.

Fujairah Oil Terminals (FOT) is a world class 1.177 million cubic meter onshore oil storage facility based in the rapidly developing port of Fujairah, which is located in the United Arab Emirates outside the Straits of Hormuz on the Indian Ocean.
FOT is an independent third party storage and owned by a group of shareholders including the government of Fujairah.
FOT will store crude oil, fuel oil, gasoil and gasoline. The storage facility will meet international standards, complying with the equator principles for financing and will attract independent major and national oil companies to lease and utilize the facilities on a long-term sustainable basis.

Subsea Oil Storage System

There is an industry need for a flexible, competitive and environmentally friendly storage technology, unaffected by harsh environments, winds, waves and season...

There is an industry need for a flexible, competitive and environmentally friendly storage technology, unaffected by harsh environments, winds, waves and seasonal icebergs. The Subsea Oil StorageSystem consists of a structure that employs the concept of a flexible membrane protected by a dome for storage on the sea floor, and thereby eliminates problems with emulsion layer and bacteria growth. It can be placed at any water depth and is adjustable in size depending on operator needs during the development and expansion of the field. The seawater outside the dome surrounds the flexible membrane through free-flow seawater openings in the dome, such that the hydrostatic pressure acts directly on the stored fluid.
Combining the storage technology with our offloading system results in a complete and intelligent subsea storage system that allows for monitoring and level control, as well as real-time surveillance of system performance.

There is an industry need for a flexible, competitive and environmentally friendly storage technology, unaffected by harsh environments, winds, waves and seasonal icebergs. The Subsea Oil StorageSystem consists of a structure that employs the concept of a flexible membrane protected by a dome for storage on the sea floor, and thereby eliminates problems with emulsion layer and bacteria growth. It can be placed at any water depth and is adjustable in size depending on operator needs during the development and expansion of the field. The seawater outside the dome surrounds the flexible membrane through free-flow seawater openings in the dome, such that the hydrostatic pressure acts directly on the stored fluid.
Combining the storage technology with our offloading system results in a complete and intelligent subsea storage system that allows for monitoring and level control, as well as real-time surveillance of system performance.

What is OIL-STORAGE TRADE? What does OIL-STORAGE TRADE mean? OIL-STORAGE TRADE meaning - OIL-STORAGE TRADE definition - OIL-STORAGE TRADE explanation.
Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license.
The oil-storage trade, also referred to as contango, a market strategy in which large, often vertically-integrated oil companies purchase oil for immediate delivery and storage—when the price of oil is low— and hold it in storage until the price of oil increases. Investors bet on the future of oil prices through a financial instrument, oil futures in which they agree on a contract basis, to buy or sell oil at a set date in the future. Crude oil is stored in salt mines, tanks and oil tankers.
Investors can choose to take profits or losses prior to the oil-delivery date arrives. Or they can leave the contract in place and physical oil is "delivered on the set date" to an "officially designated delivery point", in the United States, that is usually Cushing, Oklahoma. When delivery dates approach, they close out existing contracts and sell new ones for future delivery of the same oil. The oil never moves out of storage. If the forward market is in "contango"—the forward price is higher than the current spot price—the strategy is very successful. While new tanks have been added in Cushing for a storage capacity of 6.6 million barrels, by March 2015 all the tanks were fully leased through 2015.
The strategy works because oil prices for delivery in the future are trading at a premium to those in the spot market - a market structure known in the industry as contango - with investors expecting prices to eventually recover from the near 60 percent slide in oil in the last seven months.
—?Reuters 2015
In 2015, global capacity for oil storage was out-paced by global oil production and an oil glut occurred. Crude oil storage space became a tradable commodity with CMEGroup— which owns NYMEX— offering oil-storage futures contracts in March 2015. Traders and producers can buy and sell the right to store certain types of oil.
The concept started to be used by the oil traders in the market in early 1990. But it was in 2007 through 2009 the oil storage trade expanded. Many participants—including Wall Street giants, such as Morgan Stanley, Goldman Sachs, and Citicorp—turning sizeable profits simply by sitting on tanks of oil. By May, 2007 Cushing's inventory fell by nearly 35% as the oil-storage trade heated up.
"The trend follows a spike in oil futures prices that has created incentives for traders to buy crude oil and oil products at current rates, sell them on futures markets and store them until delivery."
—?Financial Post 2009
By the end of October 2009 one in twelve of the largest oil tankers were being used more for temporary storage of oil, rather than transportation.
From June 2014 to January 2015, as the price of oil dropped 60 percent and the supply of oil remained high, the world's largest traders in crude oil purchased at least 25 million barrels to store in supertankers to make a profit in the future when prices rise. Trafigura, Vitol, Gunvor, Koch, Shell and other major energy companies began to book oil storage supertankers for up to 12 months. By 13 January 2015 At least 11 Very Large Crude Carriers (VLCC) and UltraLarge Crude Carriers (ULCC)" have been reported as booked with storage options, rising from around five vessels at the end of last week. Each VLCC can hold 2 million barrels."

What is OIL-STORAGE TRADE? What does OIL-STORAGE TRADE mean? OIL-STORAGE TRADE meaning - OIL-STORAGE TRADE definition - OIL-STORAGE TRADE explanation.
Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license.
The oil-storage trade, also referred to as contango, a market strategy in which large, often vertically-integrated oil companies purchase oil for immediate delivery and storage—when the price of oil is low— and hold it in storage until the price of oil increases. Investors bet on the future of oil prices through a financial instrument, oil futures in which they agree on a contract basis, to buy or sell oil at a set date in the future. Crude oil is stored in salt mines, tanks and oil tankers.
Investors can choose to take profits or losses prior to the oil-delivery date arrives. Or they can leave the contract in place and physical oil is "delivered on the set date" to an "officially designated delivery point", in the United States, that is usually Cushing, Oklahoma. When delivery dates approach, they close out existing contracts and sell new ones for future delivery of the same oil. The oil never moves out of storage. If the forward market is in "contango"—the forward price is higher than the current spot price—the strategy is very successful. While new tanks have been added in Cushing for a storage capacity of 6.6 million barrels, by March 2015 all the tanks were fully leased through 2015.
The strategy works because oil prices for delivery in the future are trading at a premium to those in the spot market - a market structure known in the industry as contango - with investors expecting prices to eventually recover from the near 60 percent slide in oil in the last seven months.
—?Reuters 2015
In 2015, global capacity for oil storage was out-paced by global oil production and an oil glut occurred. Crude oil storage space became a tradable commodity with CMEGroup— which owns NYMEX— offering oil-storage futures contracts in March 2015. Traders and producers can buy and sell the right to store certain types of oil.
The concept started to be used by the oil traders in the market in early 1990. But it was in 2007 through 2009 the oil storage trade expanded. Many participants—including Wall Street giants, such as Morgan Stanley, Goldman Sachs, and Citicorp—turning sizeable profits simply by sitting on tanks of oil. By May, 2007 Cushing's inventory fell by nearly 35% as the oil-storage trade heated up.
"The trend follows a spike in oil futures prices that has created incentives for traders to buy crude oil and oil products at current rates, sell them on futures markets and store them until delivery."
—?Financial Post 2009
By the end of October 2009 one in twelve of the largest oil tankers were being used more for temporary storage of oil, rather than transportation.
From June 2014 to January 2015, as the price of oil dropped 60 percent and the supply of oil remained high, the world's largest traders in crude oil purchased at least 25 million barrels to store in supertankers to make a profit in the future when prices rise. Trafigura, Vitol, Gunvor, Koch, Shell and other major energy companies began to book oil storage supertankers for up to 12 months. By 13 January 2015 At least 11 Very Large Crude Carriers (VLCC) and UltraLarge Crude Carriers (ULCC)" have been reported as booked with storage options, rising from around five vessels at the end of last week. Each VLCC can hold 2 million barrels."

The Titan Fuelstore range offers a simple solution to all fuel, oil, lubricant, Biodiesel, spill containment and Adblue applications. Roger Bisby talks us through a Fuelstore installation and explains the benefits of the bunded oil storage tank from Titan Environmental.

The Titan Fuelstore range offers a simple solution to all fuel, oil, lubricant, Biodiesel, spill containment and Adblue applications. Roger Bisby talks us through a Fuelstore installation and explains the benefits of the bunded oil storage tank from Titan Environmental.

Animation - How Storage Tanks are Designed, Made, Installed

Storage tanks are important to many industries -- bolted, epoxy coated, glass lined, stainless steel, welded tank and pressure vessels. Our talented animators illustrate the features and benefits of UIG's design, fabrication and installation. See more industrial animations at www.sch

Oil storage tank construction detail

Normally storage tanks are containers that hold liquids, compressed gases (gas tank) or mediums used for the short- or long-term storage of heat or cold.
This video shows API 650 tanks construction, are commonly used for oil, gasoline, chemical and produced water storage.
This video shows how to install first step to last part of a sustainable storage tanks construction of crude oil and gasoline.
If you want to understand and see full tank construction, as well as get video of inside the crude oil tank please subscribe and stay with us. If you need video urgently or have any question just leave a comment in the comment section.
-~-~~-~~~-~~-~-
Please watch: "Village People Catching DangerousStrangeSnake || Poisonous snake catching video"
https://www.youtube.com/watch?v=L05XyhHk1NI
-~-~~-~~~-~~-~-

Oil storage tank construction video

Storage tanks are containers that hold liquids, compressed gases (gas tank) or mediums used for the short- or long-term storage of heat or cold.
API 650 tanks are commonly used for oil, gasoline, chemical and produced water storage.
This video shows how to install first step of safe and sustainable storage tanks of crude oil.
If you want to understand and see full tank construction, as well as get video of inside the crude oil tank please subscribe and stay with us. If you need video urgently or have any question just leave a comment in the comment section.
-~-~~-~~~-~~-~-
Please watch: "Village People Catching DangerousStrangeSnake || Poisonous snake catching video"
https://www.youtube.com/watch?v=L05XyhHk1NI
-~-~~-~~~-~~-~-

Fujairah Oil Terminal

Fujairah Oil Terminals (FOT) is a world class 1.177 million cubic meter onshore oil storage facility based in the rapidly developing port of Fujairah, which is located in the United Arab Emirates outside the Straits of Hormuz on the Indian Ocean.
FOT is an independent third party storage and owned by a group of shareholders including the government of Fujairah.
FOT will store crude oil, fuel oil, gasoil and gasoline. The storage facility will meet international standards, complying with the equator principles for financing and will attract independent major and national oil companies to lease and utilize the facilities on a long-term sustainable basis.

Subsea Oil Storage System

There is an industry need for a flexible, competitive and environmentally friendly storage technology, unaffected by harsh environments, winds, waves and seasonal icebergs. The Subsea Oil StorageSystem consists of a structure that employs the concept of a flexible membrane protected by a dome for storage on the sea floor, and thereby eliminates problems with emulsion layer and bacteria growth. It can be placed at any water depth and is adjustable in size depending on operator needs during the development and expansion of the field. The seawater outside the dome surrounds the flexible membrane through free-flow seawater openings in the dome, such that the hydrostatic pressure acts directly on the stored fluid.
Combining the storage technology with our offloading system results in a complete and intelligent subsea storage system that allows for monitoring and level control, as well as real-time surveillance of system performance.

What is OIL-STORAGE TRADE? What does OIL-STORAGE TRADE mean? OIL-STORAGE TRADE meaning

What is OIL-STORAGE TRADE? What does OIL-STORAGE TRADE mean? OIL-STORAGE TRADE meaning - OIL-STORAGE TRADE definition - OIL-STORAGE TRADE explanation.
Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license.
The oil-storage trade, also referred to as contango, a market strategy in which large, often vertically-integrated oil companies purchase oil for immediate delivery and storage—when the price of oil is low— and hold it in storage until the price of oil increases. Investors bet on the future of oil prices through a financial instrument, oil futures in which they agree on a contract basis, to buy or sell oil at a set date in the future. Crude oil is stored in salt mines, tanks and oil tankers.
Investors can choose to take profits or losses prior to the oil-delivery date arrives. Or they can leave the contract in place and physical oil is "delivered on the set date" to an "officially designated delivery point", in the United States, that is usually Cushing, Oklahoma. When delivery dates approach, they close out existing contracts and sell new ones for future delivery of the same oil. The oil never moves out of storage. If the forward market is in "contango"—the forward price is higher than the current spot price—the strategy is very successful. While new tanks have been added in Cushing for a storage capacity of 6.6 million barrels, by March 2015 all the tanks were fully leased through 2015.
The strategy works because oil prices for delivery in the future are trading at a premium to those in the spot market - a market structure known in the industry as contango - with investors expecting prices to eventually recover from the near 60 percent slide in oil in the last seven months.
—?Reuters 2015
In 2015, global capacity for oil storage was out-paced by global oil production and an oil glut occurred. Crude oil storage space became a tradable commodity with CMEGroup— which owns NYMEX— offering oil-storage futures contracts in March 2015. Traders and producers can buy and sell the right to store certain types of oil.
The concept started to be used by the oil traders in the market in early 1990. But it was in 2007 through 2009 the oil storage trade expanded. Many participants—including Wall Street giants, such as Morgan Stanley, Goldman Sachs, and Citicorp—turning sizeable profits simply by sitting on tanks of oil. By May, 2007 Cushing's inventory fell by nearly 35% as the oil-storage trade heated up.
"The trend follows a spike in oil futures prices that has created incentives for traders to buy crude oil and oil products at current rates, sell them on futures markets and store them until delivery."
—?Financial Post 2009
By the end of October 2009 one in twelve of the largest oil tankers were being used more for temporary storage of oil, rather than transportation.
From June 2014 to January 2015, as the price of oil dropped 60 percent and the supply of oil remained high, the world's largest traders in crude oil purchased at least 25 million barrels to store in supertankers to make a profit in the future when prices rise. Trafigura, Vitol, Gunvor, Koch, Shell and other major energy companies began to book oil storage supertankers for up to 12 months. By 13 January 2015 At least 11 Very Large Crude Carriers (VLCC) and UltraLarge Crude Carriers (ULCC)" have been reported as booked with storage options, rising from around five vessels at the end of last week. Each VLCC can hold 2 million barrels."

Titan Environmental Fuelstore. Bunded Oil Storage Tank

The Titan Fuelstore range offers a simple solution to all fuel, oil, lubricant, Biodiesel, spill containment and Adblue applications. Roger Bisby talks us through a Fuelstore installation and explains the benefits of the bunded oil storage tank from Titan Environmental.

Namibia National Oil Storage Facility

Oil terminal

An oil depot (sometimes called a tank farm, installation or oil terminal) is an industrial facility for the storage of oil and/or petrochemical products and from which these products are usually transported to end users or further storage facilities. An oil depot typically has tankage, either above ground or underground, and gantries (framework) for the discharge of products into road tankers or other vehicles (such as barges) or pipelines.

Oil depots are usually situated close to oil refineries or in locations where marine tankers containing products can discharge their cargo. Some depots are attached to pipelines from which they draw their supplies and depots can also be fed by rail, by barge and by road tanker (sometimes known as "bridging").

Most oil depots have road tankers operating from their grounds and these vehicles transport products to petrol stations or other users.

An oil depot is a comparatively unsophisticated facility in that (in most cases) there is no processing or other transformation on site. The products which reach the depot (from a refinery) are in their final form suitable for delivery to customers. In some cases additives may be injected into products in tanks, but there is usually no manufacturing plant on site. Modern depots comprise the same types of tankage, pipelines and gantries as those in the past and although there is a greater degree of automation on site, there have been few significant changes in depot operational activities over time.

UnionOil operated the bulk fuel oilstorage facility from 1929 –1997, after which it served as the location for Dow Landscaping until 2016 when the company moved to its current location further southwest on 1st Street....

The Oil and Gas sector of the Group came on stream in 1994 with the incorporation of Dozzy Oil and Gas ... Dozzy Oil and Gas operation is anchored on four areas ... Dozzy Oil and Gas is determined to meet Nigeria’s energy needs a reason the company’s combined capacity of oilstorage would be 200,000 metric tons when fully installed....

When operational, a terminal with such a capacity could handle multiple oil trains per week — a sizeable increase over Zenith's 2018 operations ... The company's storage tanks are not getting any larger, but unloading more train cars simultaneously can expedite the process of transferring oil to ships, bound for export or other domestic markets....

Waste Oil Storage Sheds...

Titan Environmental Fuelstore. Bunded Oil Storage ...

Namibia National Oil Storage Facility...

Latest News for: oil storage

UnionOil operated the bulk fuel oilstorage facility from 1929 –1997, after which it served as the location for Dow Landscaping until 2016 when the company moved to its current location further southwest on 1st Street....

The Oil and Gas sector of the Group came on stream in 1994 with the incorporation of Dozzy Oil and Gas ... Dozzy Oil and Gas operation is anchored on four areas ... Dozzy Oil and Gas is determined to meet Nigeria’s energy needs a reason the company’s combined capacity of oilstorage would be 200,000 metric tons when fully installed....

When operational, a terminal with such a capacity could handle multiple oil trains per week — a sizeable increase over Zenith's 2018 operations ... The company's storage tanks are not getting any larger, but unloading more train cars simultaneously can expedite the process of transferring oil to ships, bound for export or other domestic markets....

Cold weather will be putting a whammy on monthly oil production, but December numbers don’t reflect that reality just yet ...Looking ahead, oil supplies are relatively high in terms of domestic storage, and the EnergyInformationAgency is predicting slight overproduction through 2020....

"We currently have built capacity that can store about 9-9.5 days of crude oil requirements. The oil marketing companies have about 65 days of crude storage... It has allowed foreign oil companies to stock oil in the storages on the condition that the government will get the first right to use the reserves in case of an emergency or supply disruptions....

For an undisclosed sum, oil giant Shell today announced that it bought Germanhome energy-storage startup Sonnen. This follows a $70 million investment into the firm by the oil group’s venture arm last year ... Regardless, the household energy-storage market hasn’t grown as fast as many expected....

Houston marine terminal operator Moda Midstream is already exporting crude oil from its Ingleside facility, but the company is making multimillion dollar upgrades to use the twin storage tanks to ship propane and butane to customers around the world. Known in the oil and gas ......

London (CNNBusiness)Royal Dutch Shell is making a bet on home battery storage as it tries to boost its sustainable energy business. The oil giant announced Friday that it has purchased Sonnen, a German startup that makes residential battery systems that store energy generated from solar panels....

10,000 b/d of Petro Zuata Hevy crude oil, originally destined for Valero. 1,000 b/d of Anaco Wax crude, originally destined for storage to pay loans to The Japan Bank for International Cooperation... decrease the production of diluted crude oil because of a lack of naphtha to dilute....

Mueller will be exhibiting its range of fire hydrants, butterfly valves and iron gate valves, while Siemens will be demonstrating how customers can optimise the performance of critical oil and gas assets and equipment through its extensive software portfolio, including TankStorage 4.0....

Oil prices rose by around 1 percent on Thursday, with Brent crude futures hitting a 2019-high, buoyed by hopes that the Sino-U.S ...International Brent crude oil futures were at $64.35 per barrel at 0754 GMT, up 74 cents, or 1.1 percent, from their last close ... oil production & storage levels, see - tmsnrt.rs/2GVNTmb....